They're out having G&T's mate!
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I have to congratulate you Percy on indoctrininating all the newbies to your visions of grandeur for HNZ.
Particularly all the ones that have selected it in their top 5 picks for next years comp. Hope it does well.
Afraid I don't like the fact that the sellers now well outnumber buyers for this stock 1.38 Million for sale vs buyers only wanting 105,000 , what happened there?
That overhang of sellers is still there and looks like they want out again................not too encouraging for the shareprice.
Another year's track record would probably increase market confidence, yeah. But I haven't seen any news to suggest the profit outlook has changed, so seems more likely the PE will win over in the end if the outlook doesn't change? Too, people will probably feel safer when we see where the post-taper world is heading, as NZ remains a small boat on a big sea. Just my opinion.
I think "newbies" and "the wise old foxes" have found the fundamentals compelling.
NTA. 85.2 cents. Dividend yield 6.98%.Forward PE ratio of between 9.12 and 9.93.Strong equity ratio,excellent liquidity and growth prospects.
The share price will react to more runs being put "on the board".The half year result, which I think will confirm they are on track, will be announced late February.
We have seen good volumes of HNZ traded over the past few months.I see this as a positive.
Given the massive overhang of the old PGW shares being unloaded onto the market, the shares have performed ok. The only weakness was a sell down for Meridian. It quickly recovered. It has not participated in the recent NZX weakness.
But I think we will have to wait for Feb for a catalyst for any major price movement.
We're busy doin' nothin'
Workin' the whole day through
Tryin' to find lots of things not to do
We're busy goin' nowhere
Isn't it just a crime
We'd like to be unhappy, but
We never do have the time
One day HNZ will break out of it's current range and hopefully on the upside.
I can wait till then.
Best Wishes
Paper Tiger